Donald owns two investments, A and B$,$ that have a combined total value of $$31,200\mathrm{.}00.$ Investment A is expected to

pay $$24,100\mathrm{.}00$ in $4$ years from today and has an expected return of $12\mathrm{.}10$ percent per year. Investment $B$ is expected

to pay $$27,500\mathrm{.}00$ in T years from today and has an expected return of $8\mathrm{.}20$ percent per year. What is $T,$ the number of

years from today that investment $B$ is expected to pay $$27,500\mathrm{.}00?$

$6\mathrm{.}38$ years $($plus or minus $10$ days$)$

$4\mathrm{.}78$ years $($plus or minus $10$ days$)$

$6\mathrm{.}92$ years $($plus or minus $10$ days$)$

$5\mathrm{.}80$ years $($plus or minus $10$ days$)$

none of the answers are within $10$ days of the correct answer

QUESTION $3$

Christopher owns two investments, A and B$,$ that have a combined total value of $$24,900\mathrm{.}00.$ Investment A is expected

to pay $$21,090\mathrm{.}00$ in $4$ years from today and has an expected return of $12\mathrm{.}86$ percent per year. Investment $B$ is

expected to pay $x$ in $7$ years from today and has an expected return of $8\mathrm{.}22$ percent per year. What is $x,$ the cash flow

expected from investment $B$ in $7$ years from today?

$$20,688\mathrm{.}51($plus or minus $3$ dollars$)$

$$5,901\mathrm{.}29($plus or minus $3$ dollars$)$

$$6,623\mathrm{.}35($plus or minus $3$ dollars$)$

$$11,900\mathrm{.}81($plus or minus $3$ dollars$)$

none of the answers are within $$3$ of the correct answer